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Original and Over (Under)
<br />Final Budget Actual Final Budget
<br />Revenue
<br />Taxes
<br />Property taxes 445,535$ 445,250$ (285)$
<br />Franchise fees 6,000 8,436 2,436
<br />Intergovernmental 1,000 48,782 47,782
<br />Licenses and permits 26,850 27,109 259
<br />Fines and forfeitures 1,100 267 (833)
<br />Charges for services 3,400 1,957 (1,443)
<br />Investment earnings (charges)5,000 (11,758) (16,758)
<br />Facility rental 3,000 8,812 5,812
<br />Miscellaneous 500 1,137 637
<br />Total revenue 492,385 529,992 37,607
<br />Expenditures
<br />Current
<br />General government 183,506 185,608 2,102
<br />Public safety 111,950 111,465 (485)
<br />Public works 105,679 67,942 (37,737)
<br />Conservation and development 61,250 142,193 80,943
<br />Capital outlay 5,000 7,126 2,126
<br />Total expenditures 467,385 514,334 46,949
<br />Excess of revenues over expenditures 25,000 15,658 (9,342)
<br />Other financing (uses)
<br />Transfers (out)(25,000) (25,000) –
<br />Net change in fund balances –$ (9,342) (9,342)$
<br />Fund balances
<br />Beginning of year 263,187
<br />End of year 253,845$
<br />CITY OF GEM LAKE
<br />General Fund
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances – Budget and Actual
<br />Year Ended December 31, 2021
<br />See notes to basic financial statements -14-
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